Addus HomeCare Corp. (NASDAQ: ADUS) is poised for further acquisitions, potentially including some hospice deals. The company is seeking to pair its clinical services with its personal business in its existing markets. This is a cornerstone of its acquisition strategy. But Addus Chairman and CEO Dirk Allison does not rule out the possibility of moving […]
BrightSpring Health Services Inc. (NASDAQ: BTSG) is positioning itself for further growth, driven in part by acquisitions. During the first quarter of the year, BrightSpring saw net revenue rise 27% year-over-year to $2.5 billion. The Louisville, Kentucky-based provider achieved a gross profit of $369 million, up 10.4% compared to $335 million in Q1 2023, but […]
Chemed Corp. (NYSE: CHE) subsidiary VITAS Healthcare is ramping up its strategic growth plans in both hospice and palliative care amid rising demand for these services. VITAS earlier this month completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. Announced in March, the deal marked […]
Amedisys Inc. (NASDAQ: AMED) has seen gains in its hospice segment as it waits for closure on its pending acquisition by Optum. The company’s hospice segment brought in $201 million in the first quarter of the year, up from $193.4 million year over year. Cost per day rose 2.3% during the quarter, however, largely due […]
Despite intensifying regulatory scrutiny on its deals, UnitedHealth Group (NYSE: UNH) remains poised for further acquisitions. During the past two years, the insurance giant has completed a slew of acquisitions spanning much of the health care continuum — including hospice, palliative care and home health — as well as health care technology, largely through its […]
Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH) has seen improvement within its hospice and home health segment. The company anticipates this momentum to continue despite ongoing inflation and labor headwinds. The last two years have brought some turbulence in Aveanna’s hospice and home health admissions and revenues. The end of 2023 saw revenues start to normalize, […]
In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! Enhabit Inc. (NYSE: EHAB) is in talks with interested parties about a possible forthcoming sale. Cost reductions helped propel revenue growth for Enhabit Inc.’s hospice business, though the […]
In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! BrightSpring Health Services (NASDAQ: BTSG) is poised for further expansion following its successful initial public offering (IPO) that was completed in January. BrightSpring is a home- and community-based health care […]
In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! High-quality care, leadership development, margin improvement and overall business growth helped The Pennant Group Inc. (NASDAQ: PNTG) close out 2024 with a bang. The Eagle, Idaho-based company saw particularly strong […]
In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! Capacity gains driven by a slate of new hires has propelled VITAS Healthcare to pre-pandemic performance. A bonus program implemented last year has accelerated hiring, which in turn has relieved […]
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